Reinventing Our Communities (ROC):
In order to reinvent our communities through structural change, the Community Development function of the Federal Reserve Bank of Philadelphia must support local-level capacity building on racial equity. Structural change requires local-level capacity to think, plan, and engage on racial equity, leading to community-led solutions for local challenges.
Defining Racial Equity:
We define racial equity as just and fair inclusion in an economy in which all can participate, prosper, and reach their full potential, and race can no longer predict life outcomes (adapted from GARE and PolicyLink).
Why Focus on Race?
Racial inequities are deep and pervasive across local policy areas. Intentional, structural, and race-explicit strategies are needed to achieve meaningful and sustainable advances in racial equity and equitable pandemic recovery.
Our Approach to Systems Change:
Merging racial equity training with an applied small business focus enables cohorts to translate the theoretical to the practical and builds their capacity to apply a racial equity framework to specific issue areas.